State Dept Clears Lithuania’s $55M Raytheon-Lockheed Javelin Missiles Purchase Request

MissileLaunchStockThe State Department has approved the sale of Javelin missiles worth $55 million to Lithuania under a foreign military sales agreement with the U.S. government.

Lithuania ordered 220 Javelin missiles, 10 Javelin fly-to-buy missiles and 74 Javelin command launch units from the U.S. government, the Defense Security Cooperation Agency said Friday.

The Lithuanian government intends for the missile to bolster its military in an effort to protect the country’s border and coordinate security with other Baltic nations.

The Raytheon (NYSE: RTN) and Lockheed Martin (NYSE: LMT) Javelin joint venture will serve as the prime contractor for the project.

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